Business

N.C. loses 131,000 jobs to China trade imbalance

The U.S. trade imbalance with China has caused North Carolina to lose 131,000 jobs since 2001. That’s according to the Washington, D.C.-based think tank Economic Policy Institute, which says more than 95,000 of the losses occurred between 2001 and 2008, primarily involving furniture and textiles. More recently, job cuts stemming from the trade imbalance have hit North Carolina’s […]

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SciQuest’s latest chapter as the Jaggaer meister

Six months after being acquired by private-equity firm Accel-KKR for $509 million, SciQuest is changing its name to better reflect an expanded customer base. The Morrisville-based company has rebranded as Jaggaer (pronounced “Jagger,” as in Mick), which is derived from the German word for “hunter.” The term expresses the company’s “ability to help track value […]

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Hanesbrands drops 17% after reporting record profit

In the last two years  Winston-Salem-based apparel maker Hanesbrands has churned out record profit topping $830 million  — and its shares have declined about 45% from a March 2015 peak amid fears of slowing growth. Analysts expect a rebound: The one-year target price averages 30% higher than the current level. Hanebrands’ misery was share by […]

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Hanesbrands stock falls on earnings report

Shares of Winston-Salem apparel manufacturer Hanesbrands Inc. closed 2.3% lower Thursday after the company reported earnings that failed to meet analysts’ expectations. Fourth-quarter net income rose nearly 32% to $157.1 million, but the company’s adjusted earnings per share of 53 cents fell 5 cents short of Wall Street estimates. Sales climbed 11.8% in the quarter […]

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